The following article discusses the career of Senior Financial Analyst highlighting what they do, the work environment, how to become, training and certification, education, job and salary outlook.

What We Do

A senior financial analyst helps to prepare finance reports based on weekly, monthly, quarterly and yearly schedules. These reports look specifically at variances between actual spent and budget. You will also provide forecasts on the yearly budget. Finally, you will support the various financial elements of the company you work for.

Work Environment

You can work in any type of company across any industry, so the work environment can be varied. You could have to travel across the country or even the world. Usually, you will work 40 hours per week, but some overtime may be needed as well.

How to Become

To become a senior financial analyst, you need to be very good at working with financial data and foreseeing where things will go. You must understand risks and come up with solutions so that projects can be completed properly.

Training & Certification Requirements

You must hold a bachelor’s degree as a minimum, but a master’s degree is more commonly required. Areas of study include accounting, finance, economics, business administration and entrepreneurship. You must also have a number of years’ work experience, particularly because this field is incredibly competitive with low turnover rates.

Education Requirements

Bachelor’s

Job Outlook

According to the U.S. Bureau of Labor Statistics, financial analysts can expect a 12% growth in demand from 2014 to 2024, which is faster than average.

National Salary

The national average salary estimate for Senior Financial Analyst was $81,897. This number is estimated from over 28,309 employees, users past and present job advertisements from Indeed.com. This equates to an hourly salary of $42.65 and monthly of $6,825.

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Most Reported

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$41,000

$137,000

Salary Distribution

Salary by State

The following section lists Senior Financial Analyst salaries in each state around the country. The figures are based on the total number of job postings through Indeed.com. For example, Delaware had the largest quoted salary of $95,316 while Wyoming had the smallest quoted salary of $54,547.

Alaska – $62,000

Rank: 49th

The average salary ranks 49th among states in the country. There were no current job openings from employers in this state.

Alabama – $71,928 (▼12% Below national average)

Rank: 12th

The average salary ranks 12th among states in the country. There were also job openings from employers like Vaco, LLC, Robert Half Finance & Accounting, and Accountemps.

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Most Reported

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$36,000

$111,000

Salary Distribution

Arkansas – $87,596 (▲7% Above national average)

Rank: 13th

The average salary ranks 13th among states in the country. There were also job openings from employers like Accounting Career Network and Robert Half Finance & Accounting.

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Most Reported

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$36,000

$160,000

Salary Distribution

Arizona – $77,209 (▼6% Below national average)

Rank: 45th

The average salary ranks 45th among states in the country. There were also job openings from employers like Vaco, LLC, Southwest Accounting Resources, Inc, Parker+Lynch, and RH.

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Most Reported

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$39,000

$121,000

Salary Distribution

California – $88,736 (▲8% Above national average)

Rank: 7th

The average salary ranks 7th among states in the country. There were also job openings from employers like At-Tech, Pinnacle Solutions, Inc., EWS, and Southern California Edison.

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Most Reported

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$45,000

$145,000

Salary Distribution

Colorado – $76,997 (▼6% Below national average)

Rank: 36th

The average salary ranks 36th among states in the country. There were also job openings from employers like HCSG, J2T Recruiting Consultants, Randstad, and Creative Financial Staffing.

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Most Reported

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$39,000

$126,000

Salary Distribution

Connecticut – $85,592 (●Meets national average)

Rank: 4th

The average salary ranks 4th among states in the country. There were also job openings from employers like The Edbraham Group, LLC, Kforce Finance and Accounting, Creative Financial Staffing, and Accounting Career Network.

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Most Reported

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$42,000

$145,000

Salary Distribution

DC – $89,969 (▲10% Above national average)

Rank: 1st

The average salary ranks 1st among states in the country. There were also job openings from employers like Accounting Career Network, TalentSource360, Green Key Resources, and AppleOne.

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Most Reported

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$33,000

$174,000

Salary Distribution

Delaware – $95,316 (▲16% Above national average)

Rank: 39th

The average salary ranks 39th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting and firstPRO Inc..

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Most Reported

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$45,000

$164,000

Salary Distribution

Florida – $75,801 (▼7% Below national average)

Rank: 29th

The average salary ranks 29th among states in the country. There were also job openings from employers like South Florida Recruiters, Nigel Frank International, Triumph Staffing, and Segrera Associates.

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Most Reported

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$38,000

$120,000

Salary Distribution

Georgia – $80,390 (●Meets national average)

Rank: 5th

The average salary ranks 5th among states in the country. There were also job openings from employers like Execusource, Inc., Pareto Solutions Group, Pareto Solutions Group, Inc., and SNI Financial.

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Most Reported

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$40,000

$122,000

Salary Distribution

Hawaii – $83,789 (●Meets national average)

Rank: 52nd

The average salary ranks 52nd among states in the country. There were also job openings from employers like Robert Half Finance & Accounting.

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Most Reported

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$37,000

$148,000

Salary Distribution

Iowa – $76,223 (▼7% Below national average)

Rank: 19th

The average salary ranks 19th among states in the country. There were also job openings from employers like Cameron Craig Group, HireQuality Solutions, Ploeger Recruiting Services, and Lodestar Executive Search.

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Most Reported

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$37,000

$128,000

Salary Distribution

Idaho – $81,996 (●Meets national average)

Rank: 51st

The average salary ranks 51st among states in the country. There were also job openings from employers like Micron Technology, Inc..

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Most Reported

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$31,000

$157,000

Salary Distribution

Illinois – $82,593 (●Meets national average)

Rank: 6th

The average salary ranks 6th among states in the country. There were also job openings from employers like CyberCoders, Confidential – Consumer Goods firm, CFS, Inc., and CFS Inc..

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Most Reported

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$41,000

$131,000

Salary Distribution

Indiana – $73,341 (▼10% Below national average)

Rank: 24th

The average salary ranks 24th among states in the country. There were also job openings from employers like Platinum Recruiting, Philips Recruiting Services, Veolia, and Aegis Worldwide.

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Most Reported

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$37,000

$116,000

Salary Distribution

Kansas – $73,064 (▼11% Below national average)

Rank: 30th

The average salary ranks 30th among states in the country. There were also job openings from employers like Accounting Career Network, Morgan Hunter, Kforce Finance and Accounting, and Morgan Hunter Companies.

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Most Reported

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$28,000

$139,000

Salary Distribution

Kentucky – $71,892 (▼12% Below national average)

Rank: 42nd

The average salary ranks 42nd among states in the country. There were also job openings from employers like Kforce Finance and Accounting, Vaco, LLC, The JSS Group, and Robert Half Finance & Accounting.

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Most Reported

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$36,000

$119,000

Salary Distribution

Louisiana – $76,197 (▼7% Below national average)

Rank: 34th

The average salary ranks 34th among states in the country. There were also job openings from employers like Postlethwaite & Netterville and Robert Half Finance & Accounting.

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Most Reported

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$38,000

$126,000

Salary Distribution

Massachusetts – $86,054 (●Meets national average)

Rank: 2nd

The average salary ranks 2nd among states in the country. There were also job openings from employers like Fenway Search Group, Charles River Search, Bay Shore Staffing, and Stone Staffing, Inc..

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Most Reported

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$43,000

$137,000

Salary Distribution

Maryland – $79,404 (●Meets national average)

Rank: 11th

The average salary ranks 11th among states in the country. There were also job openings from employers like Mb Staffing Services, Green Key Resources, Exelon, and Robert Half Finance & Accounting.

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Most Reported

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$39,000

$132,000

Salary Distribution

Maine – $74,187 (▼9% Below national average)

Rank: 37th

The average salary ranks 37th among states in the country. There were also job openings from employers like The Confidential Search Company, Robert Half Finance & Accounting, and Department of Human Services.

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Most Reported

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$37,000

$117,000

Salary Distribution

Michigan – $79,249 (●Meets national average)

Rank: 14th

The average salary ranks 14th among states in the country. There were also job openings from employers like General Motors, Crossfire, Endevis, and Whirlpool.

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Most Reported

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$40,000

$126,000

Salary Distribution

Minnesota – $82,415 (●Meets national average)

Rank: 40th

The average salary ranks 40th among states in the country. There were also job openings from employers like SNI Financial, Infinity Consulting Solutions, Baker Tilly Search & Staffing, LLC, and Robert Half.

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Most Reported

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$41,000

$129,000

Salary Distribution

Missouri – $75,291 (▼8% Below national average)

Rank: 20th

The average salary ranks 20th among states in the country. There were also job openings from employers like North Star Staffing Solutions, Parker + Lynch, The CSP Group, and Kforce Finance and Accounting.

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Most Reported

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$38,000

$121,000

Salary Distribution

Mississippi – $70,828 (▼14% Below national average)

Rank: 9th

The average salary ranks 9th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting.

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Most Reported

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$35,000

$112,000

Salary Distribution

Montana – $70,000

Rank: 43rd

The average salary ranks 43rd among states in the country. There were no current job openings from employers in this state.

North Carolina – $80,221 (●Meets national average)

Rank: 25th

The average salary ranks 25th among states in the country. There were also job openings from employers like Vaco, LLC, KCA Recruiting, Gilder Search Group, and Bank Of America.

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Most Reported

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$37,000

$139,000

Salary Distribution

North Dakota – $74,000

Rank: 38th

The average salary ranks 38th among states in the country. There were no current job openings from employers in this state.

Nebraska – $76,915 (▼6% Below national average)

Rank: 50th

The average salary ranks 50th among states in the country. There were also job openings from employers like $70-85k + Bonus – Impact role for entrepreneurial division of big company! ** Hemphill Exclusive!, $80k salary – Fantastic growth opportunity in Kearney!, and Robert Half Finance & Accounting.

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Most Reported

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$32,000

$140,000

Salary Distribution

New Hampshire – $80,142 (●Meets national average)

Rank: 18th

The average salary ranks 18th among states in the country. There were also job openings from employers like Kforce Finance and Accounting, KBW Financial, Robert Half Finance & Accounting, and Liberty Mutual.

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Most Reported

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$40,000

$124,000

Salary Distribution

New Jersey – $86,586 (▲6% Above national average)

Rank: 8th

The average salary ranks 8th among states in the country. There were also job openings from employers like Rockwood Search Associates, LLC, KNM Resources, Vaco, LLC, and Robert Half Technology.

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Most Reported

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$43,000

$138,000

Salary Distribution

New Mexico – $66,676 (▼19% Below national average)

Rank: 41st

The average salary ranks 41st among states in the country. There were also job openings from employers like Parker and Lynch, Robert Half Finance & Accounting, Sabio Systems, and Accountemps.

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Most Reported

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$33,000

$102,000

Salary Distribution

Nevada – $79,071 (●Meets national average)

Rank: 47th

The average salary ranks 47th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting, Randstad, and Randstad Professionals.

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Most Reported

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$39,000

$120,000

Salary Distribution

New York – $85,104 (●Meets national average)

Rank: 3rd

The average salary ranks 3rd among states in the country. There were also job openings from employers like General Motors, Kforce Finance and Accounting, DSJ Global, and CyberCoders.

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Most Reported

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$37,000

$153,000

Salary Distribution

Ohio – $75,494 (▼8% Below national average)

Rank: 26th

The average salary ranks 26th among states in the country. There were also job openings from employers like Sherwin-Williams, Career Brokers, Inc., Parker and Lynch, and CapstoneONE Search.

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Most Reported

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$38,000

$121,000

Salary Distribution

Oklahoma – $72,562 (▼11% Below national average)

Rank: 31st

The average salary ranks 31st among states in the country. There were also job openings from employers like Seres Smith Consulting, Accounting Principals, Fuse3 Solutions, and Rowland Group, The.

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Most Reported

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$32,000

$129,000

Salary Distribution

Oregon – $80,317 (●Meets national average)

Rank: 21st

The average salary ranks 21st among states in the country. There were also job openings from employers like Nigel Frank International, VanderHouwen, Creative Financial Staffing, and Parker+Lynch.

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Most Reported

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$40,000

$129,000

Salary Distribution

Pennsylvania – $80,531 (●Meets national average)

Rank: 22nd

The average salary ranks 22nd among states in the country. There were also job openings from employers like Xplora Search Group, firstPROAccounting&Finance, Beacon Hill Staffing, and firstPROIncPhiladelphia.

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Most Reported

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$40,000

$125,000

Salary Distribution

Rhode Island – $81,629 (●Meets national average)

Rank: 32nd

The average salary ranks 32nd among states in the country. There were also job openings from employers like Complete Staffing Solutions, Kforce Finance and Accounting, Accounting Career Network, and Robert Half Finance & Accounting.

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Most Reported

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$41,000

$124,000

Salary Distribution

South Carolina – $77,521 (●Meets national average)

Rank: 16th

The average salary ranks 16th among states in the country. There were also job openings from employers like American Personnel, Robert Half Finance & Accounting, and FGP International.

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Most Reported

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$39,000

$124,000

Salary Distribution

South Dakota – $63,000

Rank: 48th

The average salary ranks 48th among states in the country. There were no current job openings from employers in this state.

Tennessee – $78,749 (●Meets national average)

Rank: 28th

The average salary ranks 28th among states in the country. There were also job openings from employers like Accounting Career Network, Michael Page, Beacon Hill Staffing, and Rezult Financial.

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Most Reported

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$39,000

$126,000

Salary Distribution

Texas – $82,894 (●Meets national average)

Rank: 23rd

The average salary ranks 23rd among states in the country. There were also job openings from employers like CyberCoders, Accounting Career Network, Hewlett Packard Enterprise, and Solutions.

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Most Reported

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$42,000

$138,000

Salary Distribution

Utah – $79,861 (●Meets national average)

Rank: 46th

The average salary ranks 46th among states in the country. There were also job openings from employers like Nigel Frank International and Robert Half Finance & Accounting.

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Most Reported

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$40,000

$124,000

Salary Distribution

Virginia – $84,673 (●Meets national average)

Rank: 15th

The average salary ranks 15th among states in the country. There were also job openings from employers like United States Department Of Defense, Adams & Garth, Capital Search Group, and Virginia Railway Express.

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Most Reported

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$37,000

$150,000

Salary Distribution

Vermont – $67,556 (▼18% Below national average)

Rank: 35th

The average salary ranks 35th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting.

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Most Reported

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$34,000

$110,000

Salary Distribution

Washington – $89,888 (▲10% Above national average)

Rank: 10th

The average salary ranks 10th among states in the country. There were also job openings from employers like Matrix Finance and Accounting, Microsoft, Robert Half Finance & Accounting, and Parker and Lynch.

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Most Reported

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$40,000

$158,000

Salary Distribution

Wisconsin – $74,873 (▼9% Below national average)

Rank: 33rd

The average salary ranks 33rd among states in the country. There were also job openings from employers like Beacon Hill Staffing, Baker Tilly Search & Staffing, LLC, CyberCoders, and Parker+Lynch.

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Most Reported

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$37,000

$114,000

Salary Distribution

West Virginia – $79,000

Rank: 27th

The average salary ranks 27th among states in the country. There were no current job openings from employers in this state.

Wyoming – $54,547 (▼25% Below national average)

Rank: 44th

The average salary ranks 44th among states in the country. There were also job openings from employers like Cheyenne Regional Medical Center.

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Most Reported

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$14.35

$43.10

Salary Distribution

Top 20 National Employers

According to Indeed.com, the following states had employers looking to hire a Senior Financial Analyst. The quoted salary figure represents the average salary from all job postings by this employer.

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